Dear BitMart users,
BitMart will be adding support for DMM(mUSDC) Staking, starting from 2020/09/01 and will distribute staking rewards(mUSDC) by depositing USDC, the details are as following:
Monthly mUSDC/USDC Staking Program
- Deposit USDC, receive 6.25% mUSDC.
- Starting from 2020/09/01, BitMart will begin taking live snapshots of user USDC balances.
- mUSDC Staking distribution will be calculated as follows:
mUSDC generated by each user = Total USDC staking rewards received by BitMart * User USDC holdings ratio.
- User USDC holdings ratio = Average user USDC holdings / Average total USDC staked by BitMart.
- Users must hold at least 1 USDC in order to qualify for staking rewards.
- The initial distribution of mUSDC staking rewards will be calculated each month, the first session is through 2020/09/01 to 2020/09/30, with the total amount distributed equal to the staking rewards accrued during the period.
- mUSDC rewards are calculated daily and distributed monthly. Distributions will be completed before the 9th of each month.
Move your coins to BitMart from anywhere and enjoy hassle-free staking rewards.